The case involves a company petition filed by State Bank of India through its Resolution Professional, Mr. Anil Kohli, for initiating Corporate Insolvency Resolution Process against Mr. Vijay R. Gupta, the Personal Guarantor of the Corporate Debtor M/S. Shreem Corporation Limited (formerly known as M/S Rajput Retail Limited). The petition is filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016.
State Bank of India, through its Resolution Professional Mr. Anil Kohli, filed a company petition to initiate Corporate Insolvency Resolution Process (CIRP) against Mr. Vijay R. Gupta, who is the Personal Guarantor of the Corporate Debtor M/S. Shreem Corporation Limited (formerly known as M/S Rajput Retail Limited). The petition is filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel referred to a Deed of Guarantee dated 31.12.2011, an Invocation of Guarantee dated 18.04.2024, and a Demand Notice dated 25.04.2024, all related to unpaid debt in default by M/S. Shreem Corporation Limited. The court noted that the petition is complete in all respects. The relevance of these facts is to establish the basis for initiating CIRP
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Deed of Guarantee…
Invocation of G…
The case involves a company petition filed by State Bank of India through its Resolution Professional, Mr. Anil Kohli, for initiating Corporate Insolvency Resolution Process against Mr. Vijay R. Gupta, the Personal Guarantor of the Corporate Debtor M/S. Shreem Corporation Limited (formerly known as M/S Rajput Retail Limited). The petition is filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016.
State Bank of India, through its Resolution Professional Mr. Anil Kohli, filed a company petition to initiate Corporate Insolvency Resolution Process (CIRP) against Mr. Vijay R. Gupta, who is the Personal Guarantor of the Corporate Debtor M/S. Shreem Corporation Limited (formerly known as M/S Rajput Retail Limited). The petition is filed under Section 95(1) of the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel referred to a Deed of Guarantee dated 31.12.2011, an Invocation of Guarantee dated 18.04.2024, and a Demand Notice dated 25.04.2024, all related to unpaid debt in default by M/S. Shreem Corporation Limited. The court noted that the petition is complete in all respects. The relevance of these facts is to establish the basis for initiating CIRP
…Deed of Guarantee…
Invocation of G…